View Their Documen- Increases on Several Occasions
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
FNZ Basket 14102010
14-Oct-10 smartFONZ Basket Composition Composition of a basket of securities and cash equivalent to 200,000 NZX 50 Portfolio Index Fund units effective from 14 October 2010 The new basket composition applies to applications and withdrawals. Cash Portion: $ 1,902.98 Code Security description Shares ABA Abano Healthcare Group Limited 88 AIA Auckland International Airport Limited Ordinary Shares 6,725 AIR Air New Zealand Limited (NS) Ordinary Shares 2,784 AMP AMP Limited Ordinary Shares 432 ANZ Australia and New Zealand Banking Group Limited Ord Shares 212 APN APN News & Media Limited Ordinary Shares 1,759 APT AMP NZ Office Trust Ordinary Units 8,453 ARG Argosy Property Trust Ordinary Units 4,344 CAV Cavalier Corporation Limited Ordinary Shares 482 CEN Contact Energy Limited Ordinary Shares 1,508 EBO Ebos Group Limited Ordinary Shares 537 FBU Fletcher Building Limited Ordinary Shares 1,671 FPA Fisher & Paykel Appliances Holdings Limited Ordinary Shares 6,128 FPH Fisher & Paykel Healthcare Corporation Limited Ord Shares 3,106 FRE Freightways Limited Ordinary Shares 1,625 GFF Goodman Fielder Limited Ordinary Shares 3,990 GMT Macquarie Goodman Property Trust Ordinary Units 8,004 GPG Guinness Peat Group Plc Ordinary Shares 15,588 HLG Hallenstein Glasson Holdings Limited Ordinary Shares 430 IFT Infratil Limited Ordinary Shares 6,363 KIP Kiwi Income Property Trust Ordinary Units 10,287 KMD Kathmandu Holdings Limited Ordinary Shares 690 MFT Mainfreight Limited Ordinary Shares 853 MHI Michael Hill International Limited Ordinary Shares 1,433 NPX -
1 ISSN 1179-4275 August 2011 NOT the 9 OCLOCK NEWS
ISSN 1179-4275 August 2011 NOT THE 9 OCLOCK NEWS Members will no doubt have watched with morbid fascination as the British gutter press tactics have been dragged into the harsh light of day recently. The NZSA constantly reminds people that good governance is the keystone without which the whole corporate castle can come crashing down. Rupert Murdoch, an octogenarian Australian who became an American primarily for business purposes, and the rest of his motley bunch have provided a clear example of why this is all so important. Murdoch built his empire from Australia, and despite some debt issues in 1992, he has now accumulated a vast media empire. To put this in perspective, worldwide he controls over 70 major newspapers ( including the Times and Wall St Journal), two book publishers (HarperCollins is one), 3 music publishers, 30 major magazines, 17 TV studio/network conglomerates, over 80 major TV channels and over 30 major internet channels. There is much, much more as well. In short, pretty much anything you read, watch or hear will have his influence on it. He has also in the past, been quite successful at “avoidance.” In 1999 it was reported that despite earning over a billion pounds per annum for the previous 11 years, he had paid no net corporate tax. The Murdoch empire has two classes of shares. Only one of these has voting rights. The Murdoch family owns about 35% of News Corp, but nearly all are voting shares, effectively giving him absolute control. The huge 17 member board is dominated by Murdoch and 3 of his children. -
PGG Wrightson 2015 Annual Report
Annual Report 2015 Helping grow the country CONTENTS INTRODUCTION PGG Wrightson Snapshot 2 Chairman & Chief Executive Officer’s report 4 OUR COMPANY Board of Directors 10 Executive Team 12 Dairy – special report 14 The year in review 15 UPDATE ON OUR STRATEGY 22 PGG WRIGHTSON IN THE COMMUNITY 24 FINANCIAL INFORMATION Key financial disclosures 27 Directors’ Responsibility Statement 28 Additional financial disclosures including notes to the financial statements 37 CALENDAR Independent auditor’s report 75 Annual Shareholders’ Meeting GOVERNANCE 28 October 2015 Corporate Governance 76 Half-year earnings announcement Statutory disclosures 81 23 February 2016 Shareholder information 87 Year-end earnings announcement CORPORATE DIRECTORY 89 9 August 2016 leaders in the field ‘One-PGW’ PAGE PAGE PAGE Wayne Nichol 17 Camron Meade 19 Ina Nukutai 21 Technical Nutritionist and Agronomist, National Sales Manager, National Logistics Manager, PGG Wrightson Seeds PGG Wrightson Real Estate PGG Wrightson Wool TOTAL REVENUE OF $1. 2 billion GROUP OPERATING EBITDA +18% (excluding earnings of associates) on prior year million FULLY IMPUTED DIVIDENDS OF $69.5 cents Seed & Grain i Livestock i Retail i % % % PER4 SHARE FOR THE YEAR 19 15 7 PGG Wrightson’s results show sustained momentum in challenging times. PGG WRIGHTSON LIMITED ANNUAL REPORT 2015 1 Announcement of the New/refreshed PGG WRIGHTSON Retail premises in Kaikohe, acquisition Pukekohe, Katikati, Stratford, of a 50% interest in SNAPSHOT Eketahuna, Murchison, Temuka, Agrocentro, a market- and Water premises -
View, Especially When Things Are Heading South
ISSN 1179 -4275 February 2012 Trying our Patience A key reason for forming the NZSA ten years ago was to leverage the voice of small shareholders. That of course is still relevant today - perhaps more so since institutions have become larger shareholders in proportion to the total. That trend that will likely continue with the advent of KiwiSaver. However, the institution’s imperatives may be very different from individual’s. They may be less likely to take a long term view, especially when things are heading south. They also often take their lead on voting issues from external groups such as MSCI who took over the business of Risk Metrics, themselves listed in the USA. As a consequence there is a perception of a lack of critical analysis and independent thought by this group of large shareholders. Nowhere is this more evident than in matters of remuneration where it is rare to see institutions protesting that enough is enough. When it comes to director’s fees and executive pay, the influence of so-called independent advisor reports can also be critical to the outcome of any vote. Rises in fees and executive pay have far outstripped wage growth and company performance over the past couple of decades. Where we used to have differentials of 15 or 20 times average worker’s pay to total CEO pay, it has now reached nearly 100 times locally, and is much worse in some other countries, particularly the USA. Every time we have a huge rise the excuse is that some independent advisor report show XYZ are well behind their peers and need an increase. -
Key Points Value of Kupe to NZOG
for the quarter ended 30 June 2010 Dear investor It was a busy three month period for NZOG, Production from the Tui area oil fields slightly In May, shareholders of Pike River Coal (PRC) against a backdrop of falling international exceeded the revised target for the financial year agreed to a funding package that included a new sharemarkets and dismay over the BP oil spill in ended 30 June, producing a total of 4.83 million equity issue and around $40m of debt from the Gulf of Mexico. That disaster demonstrated barrels – NZOG’s share 604,000 barrels. NZOG NZOG through convertible bonds. More details the need for health, safety and environmental received NZ$13.1m in revenue from Tui in the about Pike can be found on the back page of performance to always be the number one June quarter. this report. priority in the petroleum industry. In late June, it was identified that repairs were The Kupe gas and oil field was in full production required to the artificial lift system for one of the through the quarter, earning NZOG NZ$18.2m in Tui field’s four producing wells, Pateke 3-H. revenue. A reserves review was completed, The Operator is planning a work-over of the David Salisbury CEO which saw the 2P (proved and probable) well later in 2010. In the meantime the well has 21 July 2010 reserves increased substantially. At current been shut-in, which means some production prices, NZOG’s share of the additional will be deferred. recoverable light oil, LPG and gas has a value of As you know, NZOG is always on the lookout around NZ$100m. -
Regulatory Institutions and Practices June 2014
Regulatory institutions and practices June 2014 The Productivity Commission aims to provide insightful, well-informed and accessible advice that leads to the best possible improvement in the wellbeing of New Zealanders. Regulatory institutions and practices June 2014 ii Regulatory institutions and practices The New Zealand Productivity Commission Date: 30 June 2014 The Commission – an independent Crown entity – completes in-depth inquiry reports on topics that the Government selects, carries out productivity-related research and promotes understanding of productivity issues. The Commission’s work is guided by the New Zealand Productivity Commission Act 2010. You can find information on the Commission at www.productivity.govt.nz, or by calling +64 4 903 5150. Disclaimer The contents of this report must not be construed as legal advice. The Commission does not accept any responsibility or liability for an action taken as a result of reading, or reliance placed because of having read any part, or all, of the information in this report. The Commission does not accept any responsibility or liability for any error, inadequacy, deficiency, flaw in or omission from this report. ISBN: 978-0-478-44002-7 (print) ISBN: 978-0-478-44003-4 (online) Inquiry contacts Administration Robyn Sadlier Website www.productivity.govt.nz T: (04) 903 5167 E: [email protected] Twitter @nzprocom LinkedIn NZ Productivity Commission Other matters Steven Bailey Inquiry Director T: (04) 903 5156 E: [email protected] Foreword iii Foreword Regulation is a pervasive feature of modern life. Its coverage stretches from the workplace to the sports field, the home to the shopping mall, and from the city to the great outdoors. -
Yovich & Co. Market Update
Jarrod Goodall (FSP 198885) Yovich & Co. Market Update January 23rd 2017 NZX 50G All Ords Shanghai FTSE Dow NASDAQ NZDAUD NZDUSD OCR Previous Month 6881.22 5719.14 3103.64 7142.83 19762.60 5244.57 0.9623 0.6929 1.75% Week Close 7048.47 5709.70 3123.14 7198.44 19827.25 5283.94 0.9483 0.7168 1.75% Change 2.43% -0.17% 0.63% 0.78% 0.33% 3.20% -1.45% 3.45% 0.00% Market Themes The NZ Market eked out a gain for the past week of two points and extended its winning streak to five weeks. The best performing stocks locally were Arvida (up 4.62%), Infratil (up 3.91%) and Summerset (up 3.49%). Across the ditch the All Ordinaries index fell 1.16% with the financials starting to reverse some of their gains that they made in December. The Trump Pump has continued this year but lost steam in the past week as we headed into the inauguration and Trump taking control of the White House. The UK market had a tough week as a rally in the pound saw traders take profits, despite the fall in the market, Financials remained in favour. Both in the UK and the broader European area, Banks are seen as a possible winner if markets are de-regulated. The USD has traded to its highest level since November as traders look towards Trump with expectations of stimulatory spending, inflation and interest rate rises in the world’s largest economy. Investment News Preferred NZ Shares With the New Zealand market consolidating on a very strong first half of 2016, many stocks are still sitting at elevated levels. -
The Impact of Non-Technical Issues on Decision-Making by Coal Mining Incident Management Teams
The impact of non-technical issues on decision-making by coal mining incident management teams. Ruth Grace Fuller BEng Hons Civil Engineering Grad Dip Psychology BSc Hons Psychology Grad Dip Secondary Education A thesis submitted for the degree of Doctor of Philosophy at The University of Queensland in 2014 Sustainable Minerals Institute Abstract A serious incident in an underground coal mine can claim many lives in an instant. The lives of those who survive the initial moments can be dependent on the decisions made by the incident management team (IMT). The IMT is a team of mine employees assembled immediately upon the discovery of an incident to manage the response. Evaluations of annual emergency exercises conducted at underground coal-mines in Queensland have indicated that IMT decision-making is generally sub-optimal. This finding was echoed by the Royal Commission into the New Zealand Pike River Coal Mine Tragedy that occurred in 2010. In many other high-reliability roles technical and non-technical issues have been found to impact decision-making. The goal of this research is to explore the role of non-technical issues in emergency decision-making following an underground coal mining incident. A review of the Queensland emergency exercise reports, direct observation of emergency simulations, and interviews with twenty-five mining personnel with real-life incident management experience at underground coal mine emergencies has led to the development of a non-technical skills taxonomy for decision-making in mining IMTs. The decision-making process in a mining IMT has been shown to be a broad socio-psycho-technical process within which technical and non-technical issues cannot be separated. -
Leading the Way the Deloitte South Island Index
Leading the way The Deloitte South Island Index A review of the performance of South Island listed companies during the year to 30 June 2013 22nd Edition Introduction Over the past 12 months the Deloitte South Island Index kicked into another gear achieving new milestones Welcome to the 22nd Edition of quarter upon quarter, gaining a remarkable $2.16 billion (47.1%) to the year ended 30 June 2013. This result the Deloitte South Island Index. was made notable after achieving sustained growth for every quarter of the year, even bucking the traditional In this edition we reflect on the seasonal winter slowdown period. During the year the Index continued to forge new territory, recording its performance of South Island highest point since its inception in 2007. listed companies during the Movements in June 2013 The month of June resulted in a slight drop in most recent quarter and review performance with the Deloitte South Island Index decreasing by 2.1%. This could be attributed to the usual the past year to 30 June 2013. drop during the winter period. Over the same period all the indices tracked decreased as well, with the NZX 50 dipping a diminutive 1.6%, the Dow Jones 1.4% and the ASX All Ords decreasing by 2.8%. Quarterly movements – Q2 2013 Despite the slight drop in June, the Deloitte South Island Index had another exceptional quarter – gaining $601 million (9.8%) in market capitalisation since 31 March 2013. This result was supported by a strong quarter for the Property and Manufacturing & Distribution sectors, which gained $677 million and $101 million in market capitalisation respectively. -
Annual Report 2010 Group Limited // Annual the Warehouse
THE WAREHOUSE GROUP LIMITED THE WAREHOUSE // ANNUAL REPORT 2010 // ANNUAL www.thewarehouse.co.nz www.warehousestationery.co.nz THE WAREHOUSE GROUP LIMITED // ANNUAL REPORT 2010 Peter Ward from The Warehouse South City. Chachi Wiperi from The Warehouse Manukau. Sia Tiumalu from The Warehouse Sylvia Park. Arishma Chand from The Warehouse Sylvia Park. Theresa Stowers from The Warehouse Manukau. THE WAREHOUSE GROUP TWO OF NEW ZEALAND’S MARKET-LEADING RETAILERS, DELIVERING OUTSTANDING VALUE EVERY DAY. Insight Creative Limited. Auckland. Wellington. Sydney. WAR037 10/10 WAR037 Sydney. Insight Creative Limited. Auckland. Wellington. Krishna Siva from The Warehouse Westgate. Hayley Robertson from Warehouse Stationery Manukau. Tony He from Warehouse Stationery Ti Rakau Drive. Lysah An from Warehouse Stationery Manukau. Reon Scharvi from Warehouse Stationery Manukau. Ian Campbell from Warehouse Stationery Ti Rakau Drive. The Warehouse // i Mel Smith from Warehouse Stationery Ti Rakau Drive. Kevin Chui from Warehouse Stationery Ti Rakau Drive. CONTENTS Our Core Purpose ................... 1 Group Overview ...................... 2 ANNUAL MEETING Performance .......................... 3 The Annual Meeting of Shareholders of Chairman and the Company will be held in the Guineas Managing Director’s Report ...... 4 Ballroom, Ellerslie Event Centre, 80 –100 Ascot Avenue, Greenlane East, Auckland, Board of Directors .................. 6 New Zealand, on Friday 26 November 2010 The Warehouse ...................... 8 commencing at 10.00am. Warehouse Stationery -
PGW Annual Report 2014
Annual Report 2014 Helping grow the country CONTENTS INTRODUCTION PGG Wrightson by the numbers 2 PGG Wrightson Snapshot 3 Chairman & Chief Executive Officers’ report 5 OUR COMPANY Board of Directors 10 Executive Team 12 The year in review 15 OUR STRATEGY 22 PGG WRIGHTSON IN THE COMMUNITY 24 FINANCIAL INFORMATION CALENDAR Directors’ Responsibility Statement 27 Annual Shareholders’ Meeting Financial statements 28 21 October 2014 Notes to financial statements 38 Independent auditor’s report 88 Half-year earnings announcement 24 February 2015 GOVERNANCE Corporate Governance 89 Year-end earnings announcement Interests disclosures 93 11 August 2015 Shareholder information 99 CORPORATE DIRECTORY 101 MAKING A DIFFERENCE One-PGW James Sewell – R&D Manager, PGG Wrightson Seeds Australia PAGE 17 Sandra Utting – Technical Field Representative, Rural Supplies, Southland PAGE 19 Shane Brady – PGG Wrightson Water, Auckland PAGE 21 TOTAL REVENUE OF OPERATING EBITDA OF $1.2 billion $58.7million i7.7% i28.3% PGG Wrightson delivers STRONGEST RESULT for several years FULLY IMPUTED DIVIDENDS OF CASH FROM OPERATIONS OF 5.5cents $54.8million PER SHARE FOR THE YEAR i39.6% i2.3 cents PGG WRIGHTSON LIMITED ANNUAL REPORT 2014 1 PGG Wrightson by the numbers TOTAL R&D SPEND OF OVER $10.3million 43,000 includes R&D spend within operating training hours completed by staff expenditure, salaries and R&D joint ventures FACILITATED MORE THAN IN EXCESS OF 7.6 million $1.3 billion head of livestock transactions in real estate sold SOLD APPROXIMATELY 95kilometres 16,217 of pivot irrigation truck and trailer loads of grain traded during the year SHARE PRICE AND FULLY IMPUTED DIVIDENDS PAID DURING FINANCIAL YEAR TOTAL SHAREHOLDER RETURNS 40 (GROSS) 2 cent 35 dividend 30 1 cent dividend CENTS PER SHARE CENTS 25 56% 20 SEP 13 JUN 13 JUN 14 DEC 13 MAR 14 MAR 2 PGG WRIGHTSON LIMITED ANNUAL REPORT 2014 PGG Wrightson SNAPSHOT PGG Wrightson Irrigation & Pumping acquires Water Dynamics and Aquaspec to create PGG Wrightson Water. -
S&P/ASX Index Consultation
S&P/ASX Index Consultation: New Zealand and PNG Secondary Listings on ASX and Index Eligibility October 2010 JOINT S&P / ASX Disclaimer: The information contained in this consultation paper (the “Paper”) is for the purposes of conducting a market survey only. It does not constitute investment and/or financial product advice. You should consider obtaining independent advice before making any investment and/or financial decisions. Neither ASX, ASX’s directors, officers, agents, employees, or contractors (“ASX Personnel”), nor Standard & Poor’s, Standard & Poor’s directors, officers, agents, employees or contractors (“S&P Personnel”) give any representation or warranty as to the reliability, accuracy or currency of the information contained in the Paper. To the extent permitted by law, neither ASX, ASX Personnel, Standard & Poor’s, S&P Personnel, shall be liable for, or responsible for, any losses, damages, costs, expenses or claims arising in any way (including by way of negligence) from anyone taking an action (or failing to act) based on, or in reliance on, the Paper or any information or material arising from or incidental to the Paper, whether in writing or otherwise. Any reference to “ASX” means “ASX Limited”, “ASX Operations Pty Limited” and all other related bodies corporate. Any reference to “S&P” or “Standard & Poor’s” means “Standard & Poor’s, a division of The McGraw-Hill Companies, Inc.” and all of its affiliates. All currency values are in Australian dollars unless otherwise stated. © copyright 2010 Standard & Poor’s, a division of The McGraw-Hill Companies, Inc, ASX Operations Pty Limited ABN 42 004 523 782 (ASXO).